MCA vs Bank loan?
The major difference between them is the repayment amount and repayment term, which is less in the case of MCAs.
How do I qualify?
There are only few requirements:
- Be in business for minimum 6 months
- Gross monthly revenues greater than $15,000 for 4 consecutive months
- Credit score over 500
What are the required documents?
- Signed Application
- 4 months Business Bank Statements
- Void Cheque
How fast can I get the money?
Assuming you have provided the required documents to your MFS (Merchant funder specialist) your business will be funded within 8-24 hours.
What if my credit score is bad?
We still look at the files with a less than stellar credit score as we use your current business performance to determine funds available.